HALISTER: Telefonica Said to Weigh Delay of Telxius, O2 IPOs After Brexit

Telefonica Said to Weigh Delay of Telxius, O2 IPOs After Brexit

(Bloomberg) -- Telefonica said to consider postponing plans for selling shares in infrastructure unit Telxius and U.K. wireless unit O2 because of the volatility in markets following U.K.’s vote to leave EU, according to people familiar with the matter.
  • Telefonica couldn’t immediately comment when contacted by phone and e-mail
  • Telefonica was planning to announce IPO of Telxius next week to raise as much as 1.5 billion euros; unit would have equity value up to 3.5 billion euros, people familiar said
  • NOTE: Telefonica has previously said while it hasn’t made a decision, it’s giving O2 IPO “serious consideration”
  • EARLIER: Telefonica working on listing Telxius stake as soon as July, people familiar with the matter have said.
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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